 |
 |
April 28, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > General Warehousing And Storage Loan | ||||
 |
||||
Sacramento Bank Loan
|
||||
 |
Sacramento, California Bank Gives SBA Loan to General Warehousing And Storage CompanyThinking about meeting with a Sacramento, California bank about an SBA loan? Here's one California business loan, issued by a Sacramento bank, that was approved by the SBA. Applying for an SBA loan with California Bank & Trust worked out well for our friends at one local company in Los Angeles, California. They received an SBA loan for $477,000. Great job! SBA Loan Borrower COMPANY TYPE: GENERAL WAREHOUSING AND STORAGE SBA Loan Lender CALIFORNIA BANK & TRUST This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 493110 - General Warehousing and Storage Loan Approval Date 11/4/2002 Loan Approval Gross Amount $477,000 Loan Approval from the SBA Of the total $477,000 loan amount, the SBA guaranteed $357,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Accountant's Role in Securing Financing Find an SBA Lender in Sacramento, California
|
|
||
|
||||
|
|
||||